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Side-by-side financial comparison of Capstone Holding Corp. (CAPS) and TRIO-TECH INTERNATIONAL (TRT). Click either name above to swap in a different company.

TRIO-TECH INTERNATIONAL is the larger business by last-quarter revenue ($15.6M vs $14.0M, roughly 1.1× Capstone Holding Corp.). TRIO-TECH INTERNATIONAL runs the higher net margin — 0.8% vs -14.4%, a 15.2% gap on every dollar of revenue.

Capstone Green Energy Corporation, formerly Capstone Turbine Corporation, was incorporated in 1988 as a California based gas turbine manufacturer that specializes in microturbine power along with heating and cooling cogeneration systems. Key to the Capstone design is its use of air bearings, which provides maintenance and fluid-free operation for the lifetime of the turbine and reduces the system to a single moving part. This also eliminates the need for any cooling or other secondary systems...

Trio-Tech International is a global provider of semiconductor testing and burn-in solutions, alongside specialized manufacturing services for electronic components. It serves clients across the semiconductor, aerospace, and consumer electronics sectors, with operational footprints spanning North America, Asia, and Europe, delivering custom reliability testing systems and related support services.

CAPS vs TRT — Head-to-Head

Bigger by revenue
TRT
TRT
1.1× larger
TRT
$15.6M
$14.0M
CAPS
Higher net margin
TRT
TRT
15.2% more per $
TRT
0.8%
-14.4%
CAPS

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
CAPS
CAPS
TRT
TRT
Revenue
$14.0M
$15.6M
Net Profit
$-2.0M
$126.0K
Gross Margin
23.3%
16.0%
Operating Margin
-5.5%
0.6%
Net Margin
-14.4%
0.8%
Revenue YoY
81.6%
Net Profit YoY
-75.1%
EPS (diluted)
$-0.35
$0.01

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CAPS
CAPS
TRT
TRT
Q4 25
$15.6M
Q3 25
$14.0M
$15.5M
Q2 25
$13.2M
$10.7M
Q1 25
$8.2M
$7.4M
Q4 24
$8.6M
Q3 24
$9.8M
Q2 24
$9.7M
Q1 24
$10.4M
Net Profit
CAPS
CAPS
TRT
TRT
Q4 25
$126.0K
Q3 25
$-2.0M
$77.0K
Q2 25
$-700.0K
$183.0K
Q1 25
$-1.7M
$-495.0K
Q4 24
$507.0K
Q3 24
$-236.0K
Q2 24
$243.0K
Q1 24
$70.0K
Gross Margin
CAPS
CAPS
TRT
TRT
Q4 25
16.0%
Q3 25
23.3%
16.7%
Q2 25
23.7%
24.6%
Q1 25
16.2%
26.8%
Q4 24
25.7%
Q3 24
23.7%
Q2 24
27.5%
Q1 24
26.0%
Operating Margin
CAPS
CAPS
TRT
TRT
Q4 25
0.6%
Q3 25
-5.5%
0.3%
Q2 25
-2.0%
4.4%
Q1 25
-17.5%
-4.6%
Q4 24
-0.0%
Q3 24
1.4%
Q2 24
3.7%
Q1 24
0.6%
Net Margin
CAPS
CAPS
TRT
TRT
Q4 25
0.8%
Q3 25
-14.4%
0.5%
Q2 25
-5.3%
1.7%
Q1 25
-21.2%
-6.7%
Q4 24
5.9%
Q3 24
-2.4%
Q2 24
2.5%
Q1 24
0.7%
EPS (diluted)
CAPS
CAPS
TRT
TRT
Q4 25
$0.01
Q3 25
$-0.35
$0.02
Q2 25
$-0.13
$0.11
Q1 25
$-0.47
$-0.12
Q4 24
$0.06
Q3 24
$-0.06
Q2 24
$0.05
Q1 24
$0.02

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CAPS
CAPS
TRT
TRT
Cash + ST InvestmentsLiquidity on hand
$730.0K
$16.5M
Total DebtLower is stronger
$11.7M
$581.0K
Stockholders' EquityBook value
$27.2M
$33.5M
Total Assets
$58.5M
$45.7M
Debt / EquityLower = less leverage
0.43×
0.02×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAPS
CAPS
TRT
TRT
Q4 25
$16.5M
Q3 25
$730.0K
$17.4M
Q2 25
$773.0K
$16.7M
Q1 25
$1.7M
$17.6M
Q4 24
$16.5M
Q3 24
$15.5M
Q2 24
$16.5M
Q1 24
$17.0M
Total Debt
CAPS
CAPS
TRT
TRT
Q4 25
$581.0K
Q3 25
$11.7M
$622.0K
Q2 25
$9.6M
$684.0K
Q1 25
$8.8M
$729.0K
Q4 24
$782.0K
Q3 24
$923.0K
Q2 24
$874.0K
Q1 24
$984.0K
Stockholders' Equity
CAPS
CAPS
TRT
TRT
Q4 25
$33.5M
Q3 25
$27.2M
$34.1M
Q2 25
$26.3M
$34.0M
Q1 25
$27.0M
$32.3M
Q4 24
$31.8M
Q3 24
$33.1M
Q2 24
$31.3M
Q1 24
$31.2M
Total Assets
CAPS
CAPS
TRT
TRT
Q4 25
$45.7M
Q3 25
$58.5M
$47.4M
Q2 25
$51.9M
$41.1M
Q1 25
$52.2M
$40.0M
Q4 24
$39.8M
Q3 24
$42.9M
Q2 24
$42.5M
Q1 24
$43.1M
Debt / Equity
CAPS
CAPS
TRT
TRT
Q4 25
0.02×
Q3 25
0.43×
0.02×
Q2 25
0.37×
0.02×
Q1 25
0.33×
0.02×
Q4 24
0.02×
Q3 24
0.03×
Q2 24
0.03×
Q1 24
0.03×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CAPS
CAPS
TRT
TRT
Operating Cash FlowLast quarter
$0
$134.0K
Free Cash FlowOCF − Capex
$-152.0K
FCF MarginFCF / Revenue
-1.0%
Capex IntensityCapex / Revenue
0.0%
1.8%
Cash ConversionOCF / Net Profit
1.06×
TTM Free Cash FlowTrailing 4 quarters
$137.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAPS
CAPS
TRT
TRT
Q4 25
$134.0K
Q3 25
$0
$933.0K
Q2 25
$-1.7M
$-664.0K
Q1 25
$-2.3M
$781.0K
Q4 24
$2.1M
Q3 24
$-1.9M
Q2 24
$199.0K
Q1 24
$1.2M
Free Cash Flow
CAPS
CAPS
TRT
TRT
Q4 25
$-152.0K
Q3 25
$887.0K
Q2 25
$-1.2M
Q1 25
$623.0K
Q4 24
$1.9M
Q3 24
$-1.9M
Q2 24
$-135.0K
Q1 24
$1.1M
FCF Margin
CAPS
CAPS
TRT
TRT
Q4 25
-1.0%
Q3 25
5.7%
Q2 25
-11.4%
Q1 25
8.4%
Q4 24
22.4%
Q3 24
-19.7%
Q2 24
-1.4%
Q1 24
10.6%
Capex Intensity
CAPS
CAPS
TRT
TRT
Q4 25
1.8%
Q3 25
0.0%
0.3%
Q2 25
5.2%
Q1 25
2.1%
Q4 24
2.1%
Q3 24
0.7%
Q2 24
3.4%
Q1 24
0.5%
Cash Conversion
CAPS
CAPS
TRT
TRT
Q4 25
1.06×
Q3 25
12.12×
Q2 25
-3.63×
Q1 25
Q4 24
4.16×
Q3 24
Q2 24
0.82×
Q1 24
16.44×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CAPS
CAPS

Total Stone$12.7M91%
Other$1.3M9%

TRT
TRT

Semiconductor Backend Solutions$12.4M79%
Industrial Electronics$3.3M21%

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